eSolar announced today that it has secured $130 million in funding. The backers are Idealab, Google.org, and Oak Investment Partners.
This will help it in launching the construction of 33MW pre-fabricated solar power plants.
eSolar designed a modular approach for delivering solar energy at lower costs with scalability and rapid deployment. eSolar eliminates the need for costly public projects and replaces it with smaller, modularized pre-fabricated solar plant installations.
The fund will accelerate deployment of these plants and can potentially provide solar power at market prices possibly lower than coal prices without subsidies. They key wording there is the "without subsidies." Subsidies change much of the analysis for these alternative energy plays.
eSolar: Google's new solar funding
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